PS18/25: Implementation of the EU Securitisation Regulation and CRR Amendment

The Financial Conduct Authority implements the EU Securitisation Regulation and the Capital Requirements Regulation amendment through final and near-final rules effective 1 January 2019. The rules establish a £1,500 application fee and a £250 annual periodic fee for Third Party Verifiers, while amending the FUND, COLL, and IFPRU sourcebooks to align with new securitisation requirements. Additionally, the Decision Procedure and Penalties manual and Enforcement Guide are updated to define decision-making procedures for authorising, varying, or cancelling Third Party Verifier authorisations and imposing sanctions.

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Policy Statement
PS18/25
December 2018
Implementation of the EU Securitisation
Regulation and the amendment to the Capital Requirements Regulation (including DEPP and EG changes) – Final and near-final rules

PS18/25 Financial Conduct Authority
Implementation of the EU Securitisation Regulation Consultation Papers 18/22 and 18/30 which are available on our website at www.fca.org.uk/publications Please send any comments or queries to:
Paul Johnson and
Noreen Rana
Financial Conduct Authority
12 Endeavour Square
London E20 1JN
Telephone:
020 7066 1000
This relates to Contents
1 Summary 3
2 Fees for Third Party Verifiers (TPVs) 6 3 Other changes to the Handbook 7 4 Changes to DEPP and EG 8
Annex 1
List of non-confidential respondents 10
Annex 2
Abbreviations used in this paper 11
Appendix 1
Final rules (legal instrument)
Appendix 2
Near-final rules (draft legal instrument) returns you to the contents list takes you to helpful abbreviations How to navigate this document onscreen

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Source: Financial Conduct Authority — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works